Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Development costs
Development costs are recognised as intangible fixed assets where it is probable that the expected future benefits of the asset will be attributable to the company and where the cost or value can be measured reliably.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Amortisation method and rate
Licences Straight line over 5 years
Development costs Straight line over 5 years